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Scottish support for independence rises

Bloomberg Support for Scottish independence has risen during the coronavirus pandemic, yet the financial reality of breaking away from the UK has been thrown back into the argument again. The government in Edinburgh recorded a budget deficit of 8.6% of gross domestic product compared with 7.4% a year earlier, according to the annual expenditure and revenue report. The deficit for ...

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Myanmar reports daily rise in Covid-19 cases

Bloomberg Myanmar reported 70 new coronavirus infections on Wednesday, the highest one-day tally since the virus was first detected in the country on March 23, according to the Ministry of Health and Sports. There had been no local transmissions between July 16 and August 16, with about 200 infections detected since then. The majority of cases are residents of Sittwe, ...

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Germany earmarks $12 billion more to extend crisis job support

Bloomberg Germany extended a program that has kept millions of people from losing their jobs, allocating around 10 billion euros ($11.8 billion) more to help Europe’s biggest economy recover from the coronavirus crisis. At a meeting in Berlin, Chancellor Angela Merkel’s coalition agreed to provide job-preserving subsidies until the end of 2021. The subsidies, known in German as “Kurzarbeit” and ...

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